- Company News
Injazzat Real Estate Development Company has signed an acquisition contract worth KD 3,088,400 which equates to 35% of the shares of an associate company (Kuwaiti Closed) Increasing Injazzat shares in the subsidiary company to 70%. The profit from the transaction will result in KD 260,000 and is expected to have a positive impact on the financial performance and financial position that will be reflected in the financial statements for the year ended 31 December 2017.
As part of Injazzat Real Estate Development Company’s commitment to corporate social responsibility, the company will provide Child Life Sponsorship to Kuwait Association for the Care of Children in Hospital (KACCH). Kuwait Association for the Care of Children in Hospital (KACCH) is a non-governmental charitable organisation registered with the Ministry of Social Affairs and Labour in 2003. It was founded informally in 1989 to help children and their families cope with the stresses of hospitalisation. It is managed by volunteers and funded by donations from organisations, businesses, banks, schools and individuals within Kuwait. Currently KACCH is offering Child Life services ...
Injazzat Real Estate Development Company K.S.C.P, has successfully exited on 28 September 2017 from its share in a real estate project in the United Kingdom (Britain). The value of the contract was 5,282,452 British Pounds equivalents to 2,138,067 Kuwaiti Dinars, and this resulted in achieving a profit equivalent to 449,047 Kuwaiti Dinars which will be reflected in the results of the third quarter of the year 2017.